Dec, 31, 2023 — WEXFORD COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in CADILLAC, MI with 2 branch locations and about $79.64 million in total assets. Opened 71 years ago in 1953, WEXFORD COMMUNITY CREDIT UNION has about 8,530 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WEXFORD COMMUNITY CREDIT UNION |
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Address: (Main Office) | 1015 Wilcox St CADILLAC, MI 49601 |
Phone: | (231) 775-2081 |
Fax: | |
Website: | https://www.wexccu.com |
Branches: | 2 branch locations |
Members: | 8,530 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65639 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1953 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $79,644,073 |
CEO/Manager: | Julie F Rushing |
Chairperson: | Margaret Elmore |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,030,602 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,814,752 |
Real Estate Loans | 20,256,920 |
Unsecured Loans | 7,793,886 |
Other Loans | 13,152,070 |
TOTAL LOANS | 41,324,160 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -252,676 |
Land And Building | 1,223,924 |
Other Fixed Assets | 190,844 |
NCUSIF Deposit | 752,434 |
All Other Assets | 0 |
TOTAL ASSETS | 79,644,073 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 69,590 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 731,567 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,515,953 |
Regular shares | 44,264,130 |
All Other Shares & Deposits | 9,505,272 |
TOTAL SHARES & DEPOSITS | 73,285,355 |
TOTAL LIABILITIES | 74,086,512 |
Regular Reserve | 0 |
Other Reserves | -2,228,131 |
Undivided Earnings | 7,785,692 |
TOTAL EQUITY | 5,557,561 |
TOTAL LIABILITIES, SHARES, & EQUITY | 79,644,073 |
INCOME & EXPENSE | |
Loan Income | 2,207,200 |
Investment Income | 906,749 |
Other Income | 704,591 |
Total Employee Compensation & Benefits | 2,115,328 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,544,208 |
Non-operating Income & (Expense) | 46,861 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 333,272 |
Cost of Funds | 233,078 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 420,135 |
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